Mitrionics Secures $6M in VC Funding to Expand International Operations and Product Development

LUND, SWEDEN -- (MARKET WIRE) -- May 15, 2007 -- Mitrionics AB, developer of the Mitrion
Software Acceleration Platform, today announced it has closed $6 million of
venture capital funding from three investment firms: Grande Ventures, LLC,
is a United States-based firm and lead investor in this round, and Creandum
and Teknoinvest, are Scandinavian-based firms and share holders in
Mitrionics based on previous investments. Mitrionics will utilize the
funding to further enhance its technological and market leadership in
FPGA-based accelerated computing by expanding its international sales and
support operations and increasing its research and development efforts.
Mitrion-accelerated applications provide a dual customer benefit by
increasing application performance up to 20x or greater over traditional
processors, while enabling hardware to execute the applications using only
a fraction of the power consumed by traditional processor clusters.

"Mitrionics has made a significant industry impact with its software
acceleration technology," said Michael Antone, Partner at Grande Ventures,
and newly appointed member to the Mitrionics Board of Directors. "Grande
Ventures is very enthusiastic about Mitrionics' role in the emerging
accelerated computing market and we look forward to helping them reach
their next levels of growth, organization, and success."

"We're pleased to announce this latest round of financing from our new
investment partner Grande Ventures and our long-standing investors Creandum
and Teknoinvest," stated Anders Dellson, CEO of Mitrionics AB. "Customer
demand for our software acceleration technology is strong and growing,
especially in bioinformatics. With this new investment, we will grow our
team and add resources both in the US and in Sweden. We will focus on
continuing our technology leadership in FPGA-based computing by expanding
the Mitrion platform and bringing more Mitrion accelerated applications to
the market."

About Creandum

Creandum is an independent partner owned Nordic venture fund founded in
2003, investing in companies' earliest phases. The fund is focused on
investments in innovative technologies and/or business models in high
growth markets backed by outstanding entrepreneurs. More information is
available at: www.creandum.com.

About Grande Ventures, LLC

Grande Ventures, LLC is a venture capital firm located in Columbia,
Maryland, USA. The firm partners with entrepreneurs, as well as other
venture firms, in a variety of technologies, to develop and implement
strategies to overcome the challenges to successful entry into the
marketplace. More information is available at: www.grandeventures.com.

About Teknoinvest

Teknoinvest is a premier Scandinavian venture capital company headquartered
in Norway. We invest in areas of emerging technologies within the ITC and
Life Sciences sectors in Scandinavia. Teknoinvest was established as the
first venture capital investment company in Norway in 1984 and is one of
the most successful VCs in Scandinavia according to our track record of
value created for our investors. We have an extensive network throughout
Scandinavia and the US which has enabled us to invest in and help develop
several successful companies. More information is available at:
www.teknoinvest.no.

About the Mitrion Platform

The core of the Mitrion Platform is the fine-grained, massively parallel
Mitrion Virtual Processor. Together with the Mitrion-C parallel
programming language, it offers a unique software-centric acceleration
platform for FPGA-based computing systems. The Mitrion Virtual Processor
has a unique architecture that adapts to each software application it
executes in order to maximize performance.

About Mitrionics

Founded in 2001, Mitrionics AB is the technology leader in the exciting new
field of FPGA Accelerated Computing which provides higher processing power
and lower energy consumption than traditional CPU clustered computer
systems. The Mitrion Platform is unique software acceleration solution
that eliminates the need for circuit design skills, thus making FPGA
Supercomputing performance accessible to an entire new market of scientists
and developers. The company has a US subsidiary, Mitrionics, Inc., based
in Los Angeles, California. Key industry relationships include Cray,
Nallatech, and Silicon Graphics. Mitrionics and Mitrion are trademarks
and/or service marks of Mitrionics AB. All other marks are the property of
their respective owners. For more information, visit the company web site
at www.mitrionics.com or email: info@mitrionics.com.